The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) will hold its scheduled bimonthly meeting from December 4-6 for setting the policy interest rate (REPO) for the next two months. The MPC faces a significant challenge. There were critical comments in the second week of last month on...
In any macroeconomic framework, the household sector plays a critical role as a driver of consumption, savings, and overall economic activity. Household consumption is primarily influenced by income and wealth. In India, the household sector has traditionally favored fixed deposits (FDs) in banks an...
The fiscal health of India’s states plays a critical role in the nation’s overall economic growth. Capital expenditure (CAPEX) is particularly important, as it creates long-term assets and generates revenue for years. On October 15, 2024, the National Stock Exchange (NSE) released its report tit...
The World Bank has revised its growth forecast for the Indian economy, raising it from an earlier projection of 6.6% to 7% for the current financial year. This upward revision reflects expectations of a strong economic performance, driven by key factors such as private consumption and investment.The...
India faces a significant challenge in job creation, even as it holds the title of the fastest-growing major economy. To meet the growing demand for employment, the focus must shift to sectors that can absorb large numbers of workers.Labor-intensive exports are crucial in this context. Industries li...
A long waiting period was over. The tight monetary policy stance pursued by the world’s largest economy the United States (US) for about four years was reversed on 19 September 2024. The US consumer price index (CPI) based inflation, known as retail or headline inflation, was seen steadily s...
The conclusion of World War II in 1945 marked the dawn of a new global order, with the United States emerging as a dominant power and the US dollar as the global reserve currency. Bank of America, which had risen to prominence during these years, continues to serve over 68 million customers worldwid...
The Economic Advisory Council to the Prime Minister (EAC-PM) recently released a working paper titled “Relative Economic Performance of Indian States: 1960-61 to 2023-24”. The paper analyzes the relative economic performance of Indian states using two key indicators: (1) Share in India’s GDP a...
India faced a nine-month high trade deficit in July, amounting to $23.5 billion, highlighting deeper structural issues within the economy. This serves as a reminder of the challenges India faces in balancing its trade equations. While it is not uncommon for a developing country to experience a ...
Launched on August 28, 2014, the Pradhan Mantri Jan Dhan Yojana (PMJDY) marks a decade of remarkable achievements as the world’s largest financial inclusion initiative. The scheme aims to empower marginalized and economically disadvantaged sections of society. Before exploring its success story, i...
